12 November 2012 19:00 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Braskem is on track to make a final decision on the petrochemical portion of the Comperj project by 2014, a senior executive said on Monday.
"This is a priority for Braskem. We are moving through the process and expect to provide clarity on capacities by early 2013," Luciano Guidolin said on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
"That puts us in a position to make a final decision by the first half of 2014," he said.
The PE and PP will be sold primarily in the Brazil and Latin America markets, while the PVC will mostly be consumed in Brazil as the country is a net importer, he noted.
Ethane feedstock for the cracker will come from associated gas from Brazil's pre-salt oil formations offshore, he said.
"The advent of US shale gas did not change the focus of Comperj. This will be a very competitive project," said Guidolin.
The APLA conference ends on Tuesday.
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